Industry News

OREA

Housing affordability now “top priority” for Ontarians

New polling from the Ontario Real Estate Association (OREA) confirms that the majority of Ontarians are concerned about housing affordability and the high cost of living.
AB security deposits to resume earning interest

AB security deposits resume earning interest

Under the triggering formula in Alberta regulations, residential rental security deposits will resume earning interest in 2024 for the first time in 16 years.
Canada

Canada rekindling war-time housing plan

Canada is creating a catalogue of pre-approved home designs that builders can use to create more density and help solve the housing crisis.
rental market data CMHC

Rent growth moderates for third consecutive month

The annual rate of rent growth in Canada moderated for the third consecutive month, with the average rent in November reaching $2,174.
Oakridge Mayfair

First phase of Mayfair West project revealed

Grosvenor has submitted a development permit application to redevelop the first phase of Mayfair West.
housing market

Report forecasts busier housing market in 2024

The average residential sale price in most regions is expected to increase between two and 7.5 per cent in 2024.
Rentsync

Rentsync announces merger with software creator, Building Stack

Toronto-based marketing solutions provider, Rentsync, has merged with Montreal-based software creator, Building Stack.

FRPO announces 2023 MAC Awards winners

FPRO hosted the 2023 MAC Awards on November 30th at the Metro Toronto Convention Centre, where it announced this year's esteemed winners.
consumer debt

New report compares consumer debt in Canadian cities

An analysis by savvynewcanadians.com breaks down complex financial data from CMHC and Statistics Canada to reveal how much debt Canadians are carrying from city to city.
new deal Toronto and Ontario

Ontario promises Toronto over $1 billion in funding

The deal includes up to $1.2 billion in provincial operating supports towards key investments in areas such as housing development and transit infrastructure.
rental protection fund

Report forecasts benefits of investing in community housing

A new report commissioned by CHRA and Housing Partnership Canada quantifies the economic benefits of raising the nation's community housing stock.

Birchley Park wins best project at Brownie Awards

Birchley Park was honoured as Best Overall Project for 2023 at the Brownie Award ceremony in Toronto tonight.
CRA to be disabused on investment tax credits

CRA to be disabused on investment tax credits

Recent court rulings give Canada Revenue Agency leeway to apply an unintended interpretation to the interest-free and low-interest loans that federal, provincial/territorial and municipal governments offer.
Calgary

Multi-res plans for a former high school site in Calgary 

The redevelopment plan envisions a variety of housing types with 2,500 residences close to employment and education hubs.
Kingston, Ontario

Harrison Street acquires two Kingston student housing assets

Chicago-based Harrison Street announced it has acquired two new student housing buildings in the tight rental market of Kingston, Ontario.
rental homes

Average asking rent in Canada hits new high

For the sixth month in a row, average asking rents for vacant rental units in Canada rose to new heights, reaching $2,178 for all property types.
Bill C-56

Toronto announces RHI funding for new affordable housing project

The City of Toronto announced new funding for 106 rent-geared-to-income and supportive homes at 165 Elm Ridge Dr. as part of Phase 3 of the federal Rapid Housing Initiative (RHI).